Petrochemical Headlines
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Ineos Hires to Expand into North Sea Oil and Gas Production
(Monday, November 24, 2014) Swiss-based petrochemical and refining company Ineos is looking to expand into North Sea oil and gas production by hiring a number of senior and mid-level staff, its website showed on Monday.

EU Agrees Law to Curb Plastic Bag Use
(Friday, November 21, 2014) EU governments unanimously approved a new law to slash the use of plastic grocery bags on Friday, hoping to curb litter on land and a spreading "plastic soup" in the world's oceans.

Singapore Exchange to Launch Petrochemical Derivatives
(Friday, November 21, 2014) Singapore Exchange said on Friday it will launch five petrochemical swaps and futures in the next two months to meet rising demand for risk management in the industry.

Ineos Plans $1 Billion Investment In UK Shale Gas
(Thursday, November 20, 2014) Ineos announces plans to invest $1 billion in shale gas exploration in Britain as efforts to emulate the US shale boom ramp up.

Saudi Kayan Signs Two Islamic Financing Deals Totalling $700 Mln
(Thursday, November 20, 2014) Saudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corp (SABIC), has signed two Islamic financing deals totalling 2.63 billion riyals ($700 million), it said in a statement on Thursday.

Texas DuPont Workers Died from Accidental Asphyxiation - Coroner
(Wednesday, November 19, 2014) Four workers who died on Saturday at a DuPont and Co plant in Texas were accidentally asphyxiated by chemicals, the coroner's office said on Wednesday, another finding that suggests the victims were not wearing full safety equipment.

Vinachem Sells 11 Pct Stake in Petrochem Project to Petrovietnam
(Wednesday, November 19, 2014) State-owned Vietnam National Chemical Group (Vinachem) said it has sold its 11 percent stake in the $4.6 billion Long Son petrochemical complex, the country's largest, to state oil and gas group Petrovietnam to help speed up the project.

EU States Set for Plastic Bag Curbs After Clash with Juncker Team
(Wednesday, November 19, 2014) European Union governments are expected to approve a law on Friday to halve the number of plastic grocery bags used across the bloc after a process that has led to an early clash between the new EU executive and member states.

Mexico's Pemex Approves Post-reform Corporate Revamp
(Tuesday, November 18, 2014) Mexico's state-owned oil company Pemex said on Tuesday it had finalized a corporate restructuring including the creation of new business units that will focus on fertilizers and ethylene.

Technip Wins Contract for Westlake's La. Ethylene Plant Expansion
(Tuesday, November 18, 2014) Technip was awarded a contract by Westlake Chemical Corp. to provide detailed engineering and procurement services to expand the recovery section of Westlake's Petro 1 ethylene plant at its complex in Sulphur, Louisiana.

Ethylene Optimization: How the Mideast Can Differentiate Itself
(Tuesday, November 18, 2014) With new U.S. ethane cracking capacity, Middle East producers will lose some of their natural feedstock cost advantage. AspenTech's Ron Beck discusses how they can stand out.

BP Plans Upgrades at PTA Plants in US, Belgium
(Monday, November 17, 2014) BP announced Monday that it plans to invest over $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, South Carolina and Geel, Belgium.

Federal Agencies to Begin Probe of DuPont Texas Plant Deaths
(Monday, November 17, 2014) Investigators from the U.S. Chemical Safety Board (CSB) were headed on Sunday to a DuPont and Co plant in LaPorte, Texas, to begin a probe of a chemical leak that killed four workers.

Kuwait to Sell Dow Chemical's Petchem Venture Shares to Public -Exec
(Monday, November 17, 2014) Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which U.S. petrochemicals giant Dow Chemical Co plans to sell off, state news agency KUNA quoted a senior Kuwaiti executive as saying.

Report Recommends More Pathways to Houston Petchem Jobs
(Friday, November 14, 2014) The JPMorgan Chase report provides a comprehensive look at available middle-skill jobs in the petrochemical and industrial/commercial construction industries.

Japan Oct Petrochem Naphtha Imports Rise 6 Pct y/y
(Friday, November 14, 2014) Japan's naphtha imports for the petrochemical sector rose 6 percent in October from the same month a year earlier, government figures showed on Friday.

EU Bag Law Stirs Up Italy-UK Row Over 'Good' Plastic and Bad
(Thursday, November 13, 2014) A draft EU law to tackle Europe's mountain of plastic bags has pitched Italy, Britain and their rival eco-packaging firms against each other, as efforts to hammer out the details enter the final stage.

PetroChina Supplier Wison Charged with Bribery by Chinese Authorities
(Wednesday, November 12, 2014) Wison Engineering Services Co Ltd, a major PetroChina supplier, said on Wednesday a bribery charge had been filed against the company and its chairman Hua Bangsong following an investigation by the Chinese government.

Japan Oct Ethylene Output Falls 4.5 Pct yr/yr
(Wednesday, November 12, 2014) Japanese ethylene production in October fell 4.5 percent from the same month a year earlier to 553,200 tonnes, data from the Ministry of Economy, Trade and Industry showed on Wednesday.

Japan Idemitsu Restarts Naphtha Cracker at Tokuyama Plant
(Monday, November 10, 2014) Japan's Idemitsu Kosan Co said on Monday it restarted the 687,000-tonne-per-year naphtha cracker at its Tokuyama plant in western Japan over the past weekend after an unplanned shutdown.




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